Gray, Gray & Gray, LLP

Register for Executive Roundtable – March 18, 2020

Join us this March  for Gray, Gray & Gray’s Invitation-Only Executive Roundtable! Please complete the brief form below to reserve your place.  The March 18th invitation-only Executive Roundtable event will focus on a topic that should be of interest to any business leader – achieving sustainable growth. Gray, Gray & Gray’s Director of Strategic Business […]

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Articles

New Accounting Rules for Software Sales Commissions

By Jim Donellon, CPA, MSA Partner, Gray, Gray & Gray, LLP How the costs of obtaining a contract are accounted for has changed. And its complicated, particularly for software and SaaS companies who compensate salespeople on a commission basis. This new guidance aligns the costs of obtaining a contract with the timing of recognizing the

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Strategy Session

Strategy Session: The Importance of Strategic Planning in Today’s Rapidly Changing Business Environment

Discover proven, accessible approaches to thinking strategically about your business in order to make more informed decisions, with a focus on the six business drivers that will put you in a position to succeed. By Bryan E. PearceDirector of Strategic Business PlanningGray, Gray & Gray, LLP “Change has never happened this fast before, and it

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Press Release

Bryan Pearce Joins Gray, Gray & Gray to Launch Strategic Business Planning Practice

Canton, MA (February 4, 2020): Gray, Gray & Gray, LLP , one of New England’s leading accounting and advisory firms, has announced that Bryan Pearce has joined the firm as Director of a newly formed Strategic Business Planning Practice Group. Pearce leads a team of authoritative professionals from across a range of disciplines to assist

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Press Release

Tom Yuen Elected Partner at Gray, Gray & Gray

Canton, MA (February 4, 2020): Tom Yuen, CPA, MST, has been elected a partner at Gray, Gray & Gray, LLP, a certified public accounting and advisory firm based in Canton. Yuen had previously served as a Director in the firm’s Tax Department. He oversees strategic tax planning for a wide range of clients on the

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Articles

New Accounting Standards for Software as a Service Contracts

When software programs were installed from a floppy disc or CD-ROM it was easier to identify and account for implementation costs. But the move to cloud computing and SaaS (Software as a Service) muddied the accounting waters. Last year the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU-2018-15) to address the issue. The

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Articles

Biodiesel Tax Credit Extended Through 2022

Congress has reached an agreement to extend the tax credits for biodiesel, renewable diesel, and alternative fuels for an additional five years. The tax credit of $1.00 per gallon for biodiesel and renewable diesel, and $0.50 per gallon for alternate fuels (including autogas propane), will be retroactively applied for 2018 and 2019, and extended through

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Articles

Section 179D Energy Efficiency Tax Deduction Extended

By Martin E. PrendergastGray, Gray & Gray, LLP Congress and the White House have reached an agreement to extend a wide range of expired tax credits. The deal would renew numerous tax provisions that either expired at the end of 2017 or 2018, or were set to expire as of December 31, 2019. The extended

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